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The State of the Indian Economy 2009-10
Joseph, Mathew - 2009
Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fiscal 2008-09. While there has been an improvement in Indian industry, particularly the manufacturing...
Persistent link: https://www.econbiz.de/10011807647
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Changing Paradigm of Indo-Japan Relations: Opportunities and Challenges
Rajamohan, P. G.; Rahut, Dil Bahadur; Jacob, Jabin T. - 2008
India's growing economic strength of recent years has seen it adapting its foreign policy to increase its global … vision, most noticeably in Asia, and has broadened the definition of its security interests. As a result, India … global partnership between them.India and Japan share a special relationship as fellow democracies without hegemonic …
Persistent link: https://www.econbiz.de/10011807618
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Mitigating the COVID-19 effect: Emergency economic policy-making in Central Europe
Podvršič, Ana; Becker, Joachim; Piroska, Dóra; … - 2020
The paper analyses the economic policy-making in the first phase of the epidemic in five Central Europe countries, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We focus on the participatory character of the governments'...
Persistent link: https://www.econbiz.de/10014565926
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Financialisation and stagnation: A macroeconomic regime perspective
Hein, Eckhard - 2020
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic channels of transmission of financialisation-namely, the...
Persistent link: https://www.econbiz.de/10012292734
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Economists in the 2008 financial crisis: Slow to see, fast to act
Levy, Daniel C.; Mayer, Tamir; Raviv, Alon - 2022
We study the economics and finance scholars' reaction to the 2008 financial crisis using machine learning language analyses methods of Latent Dirichlet Allocation and dynamic topic modelling algorithms, to analyze the texts of 14,270 NBER working papers covering the 1999-2016 period. We find...
Persistent link: https://www.econbiz.de/10014304174
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Equity capital, bankruptcy risk and the liquidity trap
Levintal, Oren - 2011
This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in the US 1930s, Japan 1990s and recently in the US and Europe. The paper introduces a new balance sheet channel that links equity capital to the risk-free interest rate. When...
Persistent link: https://www.econbiz.de/10010335985
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The effects of the saving and banking glut on the U.S. economy
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2013
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010352184
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Towards a progressive EMU fiscal governance
Álvarez Peralta, Nacho; Feigl, Georg; Koratzanis, Nasos; … - 2019
The fiscal governance of the EMU is in dire need of reform. Its current arrangements suff er from several shortcomings, most notably, the limitations they impose on national fiscal policies, steering them towards too restrictive or pro-cyclical stances; the absence of an unconditional lender of...
Persistent link: https://www.econbiz.de/10014565890
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Pushing the limits: The European Central Bank's role in restoring sustainable growth
Bibow, Jörg - 2020
The European Central Bank (ECB) is a special, even unique central bank. It is a central bank without a treasury by its side or a state behind it, just as the euro, Europe's common currency that the ECB is tasked with guarding, is a 'denationalised' currency. The euro area is a rare exception to...
Persistent link: https://www.econbiz.de/10014565903
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Em-powering economics: Some thoughts on policy and financial markets
Falkinger, Josef - 2012
This paper addresses the discussion between economic power and the power of politics with particular focus on financial markets. After general reflections about the economic basis of power, the paper discusses in a general equilibrium framework how financial innovations can lead to risk creation...
Persistent link: https://www.econbiz.de/10010316928